Billionaire Fertitta enters the Food Delivery Business -with- Purchase of WAITR for $308 million
Landcadia – Will merge with WAITR
Trade under the new name “WAITR Holdings” upon Closing -&- Trade on the Nasdaq
“WAITR” is a => Food Delivery Technology App
WAITR’s only “public” comparable is ==> “GrubHub” / Nasdaq: GRUB @$102.65
GRUB sells at an Astronomical => 13X Times / SALES
TILMAN FERTITTA tells “CNBC” that WAITR generated:
$125 million in Sales for 2017…
Tilman says WAITR Sales in 2018 are expected to be around $250 million -and-
He projects WAITR sales to be about “$500 million” in 2019
Also says that after the DEAL closes ….
LANDCADIA will cease to exist … Change its name to WAITR -&- WAITR will then trade on the Nasdaq
Fertitta also states that after Closing ….
WAITR will still have/retain ==> $150 MILLION in CASH
He expects that WAITR will go into immediate “Acquisition Mode”
Henley & Company LLC